Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
Manole Capital maintains strong FINTECH conviction, heavily weighted toward digital payment beneficiaries positioned for cash-to-digital acceleration. Distinguishes current AI fundamentals from dot-com bubble despite infrastructure spending concerns. Navigates persistent inflation, market concentration risks, and regulatory changes while anticipating Fed cuts and market broadening. Disciplined long-term focus on growth and free cash flow in dynamic financial services transformation.
Full Quick Take
Manole Capital maintains strong FINTECH conviction, heavily weighted toward digital payment beneficiaries positioned for cash-to-digital acceleration. Distinguishes current AI fundamentals from dot-com bubble despite infrastructure spending concerns. Navigates persistent inflation, market concentration risks, and regulatory changes while anticipating Fed cuts and market broadening. Disciplined long-term focus on growth and free cash flow in dynamic financial services transformation.
Militia Capital's Q1 performance lagged despite successful bank shorts due to speculative stock strength. Manager sees opportunity in undervalued financials like Synchrony Financial and defensive grocers like Ingles Markets, both trading at 6x earnings. Fund closed to new money at $50M AUM, positioned for reversal when speculation fades and quality value stocks recover.
Full Quick Take
Militia Capital's Q1 performance lagged despite successful bank shorts due to speculative stock strength. Manager sees opportunity in undervalued financials like Synchrony Financial and defensive grocers like Ingles Markets, both trading at 6x earnings. Fund closed to new money at $50M AUM, positioned for reversal when speculation fades and quality value stocks recover.
